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AI chip startup Groq has raised $350 million at a $3.5 billion valuation, nearly half its previous $6.9 billion peak after Nvidia licensed its technology and hired away key executives.
Anthropic’s annualized revenue has reportedly surpassed $65 billion ahead of its expected IPO, as investors increasingly focus on the company’s long-term growth projections.
Chinese humanoid robot maker Robotera is considering a Hong Kong IPO that could raise up to $1 billion as investor interest in robotics continues to surge.
Cerebras shares surged 17%, adding approximately $8.8 billion in market value after investors welcomed the company’s agreement with OpenAI.
Nvidia is backing financing for a massive OpenAI data center project in Ohio, reinforcing the company’s strategy of accelerating AI infrastructure investment.
Stripe has acquired AI startup OpenRouter for more than $7 billion, marking one of the largest artificial intelligence acquisitions of the year.
Anthropic reported more than $11.5 billion in second-quarter revenue, reinforcing expectations that its upcoming IPO could become the largest public offering in history.
VanEck believes Bitcoin is approaching a cyclical bottom rather than entering a prolonged bear market, while also remaining bullish on AI infrastructure, semiconductors, gold, and energy.
Uber and China’s Pony.ai are expanding their autonomous driving partnership with plans to deploy more than 2,000 robotaxis across Europe.
LG shares climbed more than 6% after the company expanded its strategic partnership with Nvidia to develop humanoid robots, AI factories, and next-generation mobility technologies.
Anthropic investors are reportedly targeting a valuation above $2 trillion in the company’s upcoming IPO, which could become the largest public offering in history.
Anthropic is reportedly negotiating a $6 billion acquisition of Israeli AI startup Decart to strengthen its AI infrastructure and chip optimization capabilities.
Chinese memory chipmaker CXMT has surpassed Tencent in market value following its blockbuster IPO, highlighting how the AI boom is reshaping China’s equity market.
Nebius reported another explosive quarter as revenue jumped 454% year over year, driven by record demand for AI cloud infrastructure and multibillion-dollar customer contracts.
AI coding startup Lovable raised $400 million at a $13.3 billion valuation as its annual recurring revenue approaches $600 million.